Multilateral Development Banks
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Central American Bank for Economic Integration (CABEI)
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Central American Bank for Economic Integration (CABEI)

by Selin CanJuly 11, 2017
Overview
Abbreviation

CABEI

Founded

1960

Website

http://www.cabeifund.com

Central American Bank for Economic Integration (CABEI)

The Central American Bank for Economic Integration (CABEI) was founded in 1960. It is an international institution aimed at promoting integration and development among its founding countries: Guatemala, Honduras, El Salvador, Nicaragua and Costa Rica. It has currently two headquarters, one in Tegucigalpa (Honduras) and another one in San Salvador (El Salvador). Besides it has national offices in every country of Central America.

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About The Community Member
Selin Can
Multilateral development banks, or MDBs, are supranational institutions set up by sovereign states, which are their shareholders. Their remits reflect the development aid and cooperation policies established by these states. They have the common task of fostering economic and social progress in developing countries by financing projects, supporting investment and generating capital. MDBs also play a major role on the international capital markets by annually raising the large volume of funds required to finance their loans.

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